Queensland Consolidated Acts

PROPERTY LAW ACT 1974 - SECT 60

60 Sales of land by auction

(1) In the case of a sale of land by auction—

(a) where the sale is not notified in the conditions of sale to be subject to a right to bid on behalf of the vendor—the vendor shall not be entitled to bid or to employ any person to bid at the sale, nor shall the auctioneer be entitled to take any bid from the vendor or any such person; and

(aa) any sale contravening paragraph (a) may be treated as fraudulent by the purchaser; and

(b) a sale may be notified in the conditions of sale to be subject to a reserved or upset price, and a right to bid may also be in the auction expressly reserved by or on behalf of the vendor; and

(c) where a right to bid is expressly reserved, but not otherwise—the vendor or any one person on the vendor’s behalf may bid at the auction.

(2) This section applies to sales effected after the commencement of this Act.